Osato Avan-Nomayo

I bumped into Bitcoin in 2010 while I was still engaged in the fierce battle of obtaining my Engineering degree. I found the content of Nakamoto's white paper fascinating since it reminded me of the works of legends like Haber and Stornetta. When I am not writing about cryptocurrencies, I am either attempting to beat my scrabble high score or engaged in some internal existential debate.

The Philippines Securities and Exchange Commission is set to create a framework for regulating cryptocurrency trading operations in the country. This move comes as part of a three-nation initiative to create the “cryptocurrency valley of Asia”. Australia and Switzerland VCE Rules as Template According to the Manilla Times, the country’s SEC is considering allowing virtual…

Queensland, the second-largest state in Australia, has given a sizable grant to a local digital currency startup called TravelbyBit in order to facilitate Bitcoin and other cryptocurrency payments at retail outlets and resorts in the area, Gizmodo reports. The decision is part of a larger move to boost tourism in the state while supporting cryptocurrency…

LINE Corporation has launched its new virtual currency, called LINK, but users in Japan and the United States still cannot use the cryptocurrency due to pending licensing requirements. LINE’s US and Japanese Customers Will Have to Wait The Japanese LINE Corporation will have to wait for its LINK tokens to be used by its customers,…

The Japanese Financial Services Authority (FSA) has introduced stricter screening protocols for cryptocurrency exchange platforms that wish to operate in the country. More Robust Screening Paradigm According to Japan Times, the FSA has upgraded its screening process to make it more robust and stricter for digital currency exchanges who wish to operate in Japan. The…

A Russian cryptocurrency company is fighting back against Russian authorities who, according to the company, illegally seized twenty-two Bitcoin ATMs operating throughout the country. Details of the Seizure BBFpro, a Russian company that services Bitcoin ATMs in Russia, is not experiencing the best of times, as Russian authorities have seized twenty-two of its ATMs. These…

Cryptocurrency futures and options trading service Deribit has launched a new platform that will ensure cheaper and speedier transactions. Deribit Perpetual: The Millisecond Bitcoin Exchange Service Deribit recently launched a high-speed platform called Deribit Perpetual. The new product is said to track the price of Bitcoin and also enable trading that is efficient and cheap.…

Bibox has announced the launch of its blockchain incubator project—BiboxLab. The project aims to provide full-spectrum support services to promising blockchain-based startups in the ever-expanding industry. BiboxLab joins an ecosystem of blockchain incubators looking to spearhead innovations in the emerging blockchain technology arena. BiboxLab to Support Blockchain Startups According to a BusinessWire press release, Aries…

LINE Corporation, the operator of the instant messaging app ‘Line’, has launched its own blockchain network called LINK Chain and an associated cryptocurrency called LINK. How LINK and LINK Chain work According to the announcement, the cryptocurrency LINK will operate on the LINK Chain blockchain network, both of which were developed independently by Line. LINK…

PolyChain, a San Francisco-based VC firm with a focus on cryptocurrency and blockchain enterprises, has led a $4 million Series A funding round for MyCrypto—a cryptocurrency wallet startup. MyCrypto aims to significantly simplify the cryptocurrency custodial process to make digital assets more appealing to everyday users. Details of the Funding Round According to Crunchbase, this…

The Finnish victim involved in the elaborate Thai Bitcoin scam has reportedly expressed satisfaction over settlement talks with two key suspects. Positive Settlement Talks Aarni Otava Saarimaa, the Finn who was duped by Thai fraudsters in a $24 million Bitcoin scam, has received a satisfactory settlement deal after negotiating with two Thai suspects. Saarimaa and…

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